EastWest Bank Personal Loan

Whatever your cash needs, an EastWest Bank personal loan can be your quick and easy solution.

  • icon Interest Rate
    Interest rate (p.a.)
    17.88% - 17.88%
  • icon Min. monthly income
    Loan Tenure
    1 - 3 years
  • icon Min. monthly income
    Approval Duration
    Within 5 to 7 banking days
  • icon Min. monthly income
    Min. monthly income
    ₱ 12,000
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Loan Calculator

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Monthly salary 12000
Interest Rate
You Pay
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Whats so great about EastWest Bank Personal Loan?

  • Processing time within 5 - 7 banking days.

  • Borrow any amount from ₱25,000 to ₱2,000,000.

  • Monthly add-on rate from 1.49% per month.

  • Eastwest Bank Personal Loan: Check full terms and conditions here

Product Features

Min. Financing Amount ₱25,000
Max. Financing Amount Up to ₱2,000,000.00
Min. Loan Tenure 1 year
Max. Loan Tenure 3 years
Interest Rate Interest rate starts at 1.49% for loans with 12 months tenor
Approval Duration Within 5 to 7 banking days
Debt Consolidation No

Fee & Charges

One time set up
Processing Fee ₱1,900.00
Stamp Duty ₱1.00 for every ₱200.00 of the approved loan amount or a fraction thereof for PNs greater than ₱250,000
Disbursement & misc. fee N/A
Other Fees Returned check fee is ₱1,000.00 and ₱200.00 for check replacement fee.
Early Settlement ₱500.00 or 8% of the outstanding principal whichever is higher
Late Payment Charges ₱500.00 per month or 8% per month of the past due amount, whichever is higher


Age requirement Age 21 - 65
Employment eligibility Individuals with 9 months existing credit card: ₱15,000 monthly income (NCR) and ₱12,000 (Provincial), Individuals with no existing credit card: ₱25,000 monthly income (NCR) and ₱20,000 (Provincial)
Min. salary requirement ₱12,000 gross per month
Guarantor / Collateral requirement No

Other Requirements

Need to open linked bank account? Yes
Other details Method of Payment - Post-dated Checks

Review by iMoney

Backed-up being a subsidiary of the Filinvest Group, the 11th largest bank in the Philippines, EastWest Bank has been consistently competitive within the financial sector since its creation in 1994. Amidst the numerous financial crises occurring in Asia, they have continuously grown to a more accomplished financial entity that features a robust portfolio of financial products and services that can address every need. Even having been around for a shorter period of time, they have displayed a level of resiliency at par with the top industry leaders which goes to show their focus and dedication to their commitment to providing quality financial service to their customers. With their acquisition of Standard Chartered Bank Philippines, EastWest Bank is set to be one of the major players in the financial services industry for years to come. One of their more popular financial product, EastWest Bank Personal Loan offers additional funds ranging from ₱25,000 up to ₱2,000,000 as the maximum loan amount, payable from 1 up to 3 years. The interest rate starts at 17.88% per annum with a 1.49% monthly add-on rate. You need to have at least ₱15,000 gross monthly for NCR applicants and ₱12,000 for provincial applicants with approval duration as fast as 3 - 5 working days.

Advantages Of Applying With EastWest Bank Personal Loan

  • Flexible payment terms - From 12, 18, 24, and 36 months payment terms.
  • High loanable amount up to ₱2,000,000.
  • Low monthly income requirement of ₱20,000.
  • No collateral, co-maker required.

Find out if this loan fits your requirements by checking the product details and eligibility criteria that might help you reach a well-informed decision.

Eastwest Bank Personal Loan FAQ

How to apply for an EastWest Bank Personal Loan online?

You can apply for EastWest Personal Loan through their website, or you can apply through us to make the process a lot easier for you. You can use our online application form for your convenience.

How much can I borrow?

With an EastWest Bank Personal Loan, borrow as much as ₱2,000,000, subject to approval.

What is the interest rate, fees, and other charges of EastWest Bank Personal Loan?

Eastwest Bank Personal loan has a fixed interest rate of 22.68% per annum or 1.89% per month add-on. Processing fee of ₱1,900.00 and Stamp fee of ₱1.00 for every ₱200.00 of the approved loan amount or a fraction thereof for loans greater than ₱250,000.

How does the EastWest Bank Personal Loan Calculator work?

The EastWest Bank Personal Loan calculator computes the estimated cost of borrowing and the amount of payment per installment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.

What are the EastWest Bank Personal Loan Requirements?

An applicant must fulfill EastWest Bank’s eligibility criteria for a loan:

    • Must be a Filipino citizen
    • Must be Regular/Permanent with current employer for at least 6 months; if less than 6 months, should have total employment tenure of at least 1 year or self-employed with business operational for at least 1 year.
    • Must be at least 21 years old and not more than 65 years old upon loan maturity.
    • If self - employed, must have existing credit card for at least 1 year.
    • If Government employee, must have existing credit card from any bank.
    • If employed, existing credit card is not required.
    • Must have an existing credit card for at least 12 months
    • Must have at least one landline (employment/business) and one mobile number. Declaration of a residence number is encouraged. Wireless landline is not allowed.
    • If employed, Gross monthly income must be at least Php25,000 within Metro Manila and Php20,000 for provincial areas.
    • If self-employed, Gross monthly income must be at least Php50,000.

Consequently, after filling out an application form, the following documents are necessary:

Fully Employed applicants need:

    • Completely filled-out and signed EastWest Bank Personal Loan Application Form
    • Photocopy of one (1) valid photo-bearing digitized I.D.
    • Photocopy of BIR FORM 2316/W2 (Tax Withheld)
    • Photocopy of Latest one month payslip
    • Valid credit card reference or latest Statement of Account of the existing credit card
    • Original copy of Certificate of Employment stating salary and position

Self – Employed applicants need:

    • Completely filled-out and signed EastWest Bank Personal Loan Application Form
    • Photocopy of one (1) valid photo-bearing digitized I.D.
    • Latest ITR and Audited Financial Statements
    • Latest Statement of Account of the existing credit card
    • DTI Registration Certificate (for sole proprietorships)
    • SEC Registration Certificate with page attached reflecting total shares owned by the applicant (for Partnerships and Corporations)

*Additional documents may be required during credit evaluation.

How to check for my loan status from EastWest Bank?

To check your loan application status, you can call their 24/7 Customer Service Hotline 888-1700 or email them at csloans@eastwestbanker.com.

When is the due date of my monthly installment?

The due date of your monthly installment will be based on your approval date. EastWest Bank will provide the schedule of your monthly repayment upon the approval of your loan.

Is there any late payment charges?

₱500.00 per month or 8% per month of the past due amount, whichever is higher.

How can I renew my EastWest Bank Personal Loan?

Renewing your EastWest Bank Personal Loan is the same process as a new loan application. They do not automatically renew your personal loan.

Is EastWest Bank Personal Loan the right one for me?

Dealing with a large bank gives you confidence in the level of security and reliability that you deserve with regard to financial matters. If you are looking to address certain cash flow issues with the least amount of hassle and a high level of reliable customer service, then EastWest Bank will not disappoint. With a multi-purpose loan with a high loan amount, you are guaranteed to resolve any money woes while having the assurance of flexible repayment and competitive interest rates. Rest assured that for any concerns or questions, top-tier customer support is just a call away to help you resolve whatever issues you may have. This is part of their commitment to continuing to improve their reputation as one of the top banks in the country.

To know more personal loan options available from other banks in the Philippines, see below:
BPI Personal Loan

As the oldest bank in the country, rest assured that BPI Personal Loan can assist with your cash problem. With a low add-on interest rate of 1.2% per month, you can loan amounts ranging from ₱20,000 up to ₱1,000,000 which you can freely pay in 1-3 years. In order to apply, you need to have a minimum monthly gross income of ₱25,000 and at least 21-60 years old.

Citibank Ready Credit Personal Loan

Being one of the premier banks in the world, Citibank Ready Credit Personal Loan offers a suitable solution to your cash flow problem. For just a 15.6% interest rate per annum, you can loan starting from ₱20,000 up to a maximum of ₱2,000,000. With flexible loan tenure from 1 to 5 years, you can apply if you have ₱21,000 minimum monthly income and at least 25-65 years old.

Security Bank Personal Loan

You can rely on one of the innovative banks in the country for your urgent cash needs with Security Bank Personal Loan. With payment flexibility ranging from 1 year up to 3 years, you can borrow any amount starting from ₱30,000 up to ₱2,000,000 at a reasonable 22.68% interest rate per annum. To be eligible, you only need a low minimum income of ₱15,000 a month and must be 21 but not more than 70 years old upon loan maturity.

There are other selections available if you are looking for more choices. We would suggest to check out our full list of Salary Loans featured on our website to help you out in choosing the right one.